U. S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB


                                   (Mark One)

[X]  Quarterly  report under Section 13 or 15(d) of the Securities  Exchange Act
     of 1934
               For the quarterly period ended: September 30, 2001

[ ]  Transition report under Section 13 or 15(d) of the Exchange Act
           For the transition period from ____________ to ____________


                         Commission File Number: 0-14653

                       Renaissance Acceptance Group, Inc.
        (Exact name of small business issuer as specified in its charter)



              Delaware                                           74-2119162
(State or other jurisdiction of                                 (IRS Employer
incorporation or organization)                               Identification No.)

   1349 Empire Central, 13th Floor
         Dallas, Texas, 75247                               (214) 231-7624
(Address of principal executive offices)             (Issuer's telephone number)


                 1750 Regal Row, Suite 1010 Dallas, Texas 75235
              (Former name, former address and former fiscal year,
                          if changed since last report)


Check  whether the  registrant:  (1) filed all  reports  required to be filed by
Section  13 or 15(d) of the  Exchange  Act  during  the past 12 months  (or such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing  requirements for the past 90 days.
Yes [ ] No [X]

Check whether  the registrant filed  all documents and  reports required  to  be
filed by Section 12, 13, or 15(d) of the  Exchange Act after the distribution of
securities under a plan confirmed by court.   Yes [X] No [ ]

  Number of shares outstanding as of: November 1, 2001: Common Stock: 5,000,000

   Transitional Small Business Disclosure Format (check one): Yes [ ] No [ X ]


                                       1

<PAGE>

<TABLE>
<CAPTION>

               RENAISSANCE ACCEPTANCE GROUP, INC. AND SUBSIDARIES
                                      INDEX

                                                                                                                Page
                                                                                                                ----
<S>                                                                                                             <C>
Facing Sheet                                                                                                      1

Index                                                                                                             2

Cautionary Statement Regarding Forward-Looking Statements                                                         3

Part I - Financial Information

     Item 1. Financial Statements                                                                                 4

     Item 2. Management's Discussion and Analysis of Financial Condition
     and Results of Operations                                                                                    9


Part II - Other Information

     Item 1. Legal Proceedings                                                                                  N/A

     Item 2. Changes in Securities                                                                               14

     Item 3. Defaults upon Senior Securities                                                                    N/A

     Item 4. Submission of Matters to a Vote of Security Holders                                                N/A

     Item 5. Other Information                                                                                   15

     Item 6. Exhibits and Reports on Form 8-K                                                                    16


Signatures                                                                                                       19

</TABLE>

                                       2

<PAGE>


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

     This Form 10-QSB and the documents  referred to and incorporated  herein by
reference contain "forward-looking" statements within the meaning of Section 27A
of the  Securities Act of 1933 and Section 21E of the Securities Act of 1934. In
addition,  from time to time,  the  registrant or its  representatives  may make
forward-looking  statements  orally or in writing.  The  registrant  bases these
forward-looking  statements on its  expectations  and  projections  about future
events,  which it  derives  from  information  currently  available  to it.  The
registrant   cannot  provide   assurance  that  the  results  reflected  in  any
forward-looking statements will be achieved.

     Any  forward-looking  statements  made by the  registrant  or on its behalf
speak only as of the date on which this statement is made.  The registrant  does
not  undertake  any  obligation  to update or keep  current any  forward-looking
statement  to reflect  events or  circumstances  arising  after the date of such
statement;  or  any  important  factor  reflected  from  time  to  time  in  any
forward-looking  statement  made by or on behalf of the  registrant  that  could
cause future  results to differ  materially  from  historical  results,  results
anticipated or results  planned by the  registrant.  The registrant is including
this  cautionary  statement  for the  express  purpose  of  availing  itself  of
protections of safe harbor provided by the Private Securities  Litigation Reform
Act of 1995 with respect to all such forward-looking statements.

     Examples of forward-looking statements include, but are not limited to: (a)
projections of revenues, earnings, income, growth, prospects, dividends, capital
structure and other financial matters; (b) statements of plans and objectives of
the registrant or its management or Board of Directors; (c) statements of future
economic performance;  (d) statements of assumptions underlying other statements
and statements about the registrant and its business relating to the future; and
(e)  statements  containing  the  words  "expect,"   "anticipate,"   "estimate,"
"project," "believe," "intend," "goal," "plan," "objective," "should" or similar
expressions.  Such  forward-looking  statements may appear in this report and in
documents,  reports,  filings with the Securities and Exchange Commission,  news
releases,  written or oral  presentations  made by the registrant's  officers or
other representatives to analysts,  stockholders,  investors, news organizations
and  others,   and   discussions   with  its   management   and  other   company
representatives.  For these statements,  the registrant claims the protection of
the safe harbor for forward-looking statements provide by the Private Securities
Litigation Reform Act of 1995.

     The   registrant's   future   results   involve   a  number  of  risks  and
uncertainties.  There are important  factors that could cause future  results to
differ  materially from  historical  results or trends,  results  anticipated or
planned by the  registrant,  or results that are reflected  from time to time in
any  forward-looking  statement  that  may be made by the  registrant  or on its
behalf. Some of these factors are listed under the heading "Risk Factors" in the
registrant's  Current  Report on Form 8-K filed with the Securities and Exchange
Commission on July 9, 2001. The  registrant  cautions each reader of this report
to carefully  consider the factors  discussed  herein and in the above mentioned
Form 8-K,  any or all of which  could in the future  affect  the  ability of the
registrant to achieve its anticipated  results and could cause actual results to
differ materially than those discussed herein.


                                       3

<PAGE>

<TABLE>
<CAPTION>


Part I - FINANCIAL INFORMATION

Item 1. Financial Statements

                       RENAISSANCE ACCEPTANCE GROUP, INC.
                           CONSOLIDATED BALANCE SHEETS

                                     ASSETS
                                     ------

                                                                                      SEPTEMBER 30, 2001   DECEMBER 31, 2000
                                                                                      ------------------   -----------------
                                                                                          (Unaudited)
<S>                                                                                   <C>                  <C>
Cash and cash equivalents                                                             $          895,602   $         500,034
Restricted certificate of deposit                                                                 50,000              60,000
Accounts receivable and prepaid expenses                                                         141,347             129,104
Loans held for sale                                                                           15,852,462          14,489,736
Loans held for investment, net of reserves of $73,887 and $74,716                                531,864             566,760
Contracts for deed held for sale                                                                       -           1,257,156
Real estate held for sale                                                                        683,046           1,374,689
Property and equipment, net of accumulated depreciation of $232,928
   and $89,405                                                                                   487,375             353,901
Other assets                                                                                      37,420              14,022
                                                                                      ------------------   -----------------
                  Total assets                                                        $       18,679,116   $      18,745,402
                                                                                      ==================   =================

                                            LIABILITIES AND SHAREHOLDERS' DEFICIT
                                            -------------------------------------


Warehouse lines and notes payable                                                     $       15,536,822   $      14,947,048
Accounts payable and accrued liabilities                                                         390,070             574,844
Deferred gain                                                                                          -             150,498
Subordinate debt, net of discount                                                              3,474,074           3,969,445
                                                                                      ------------------   -----------------
                  Total liabilities                                                           19,400,966          19,641,835
                                                                                      ------------------   -----------------

Shareholders' deficit:
   Preferred stock, 5,000,000 shares authorized; par value of $0.001:
     Series A: 5,000 shares authorized; redeemable, 8% cumulative, convertible;
        2,136.5 shares issued and outstanding                                                  2,136,500                    -
   Common stock, 95,000,000 shares authorized; par value of $0.001;
       5,000,000 shares and 2,500 shares issued and outstanding, respectively
                                                                                                   5,000                  25
   Additional paid-in capital                                                                    417,085             412,588
   Accumulated deficit                                                                        (3,280,435)         (1,309,046)
                                                                                      ------------------   -----------------
                  Total shareholders' deficit                                                   (721,850)           (896,433)
                                                                                      ------------------   -----------------
                  Total liabilities and shareholders' deficit                         $       18,679,116   $      18,745,402
                                                                                      ==================   =================
</TABLE>


       See accompanying notes to these consolidated financial statements.

                                       4

<PAGE>

<TABLE>
<CAPTION>

                       RENAISSANCE ACCEPTANCE GROUP, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS


                                                      FOR THE THREE MONTHS ENDED                FOR THE NINE MONTHS ENDED
                                                              SEPTEMBER 30,                           SEPTEMBER 30,
                                              -------------------     ---------------      ---------------     ---------------
                                                     2001                   2000                  2001                 2000
                                              ------------------      ---------------      ---------------     ---------------
                                                   (Unaudited)            (Unaudited)         (Unaudited)          (Unaudited)
<S>                                           <C>                     <C>                  <C>                 <C>
NET REVENUES:
   Sales of residential real estate           $            1,885      $     1,453,471      $     4,590,683     $     2,051,886
   Cost of residential real estate sold                  (58,008)          (1,363,933)          (3,922,500)         (1,865,493)
   Gain on sales of loans                                998,483                    -            2,333,567                   -
   Other income                                          749,068               (4,800)             826,900                   -
                                              ------------------      ---------------      ---------------     ---------------
             Total net revenues                        1,691,428               84,738            3,828,650             186,393

OPERATING EXPENSES:
   Personnel and related expense                       1,552,065              398,951            3,328,891             750,246
   General and administrative                            813,986              144,759            1,835,663             305,443
   Acquisition expense                                         -                    -              145,000                   -
   Depreciation and amortization                          56,463               12,707              150,383              14,152
                                              ------------------      ---------------      ---------------     ---------------
             Total operating expenses                  2,422,514              556,417            5,459,937           1,069,841
                                              ------------------      ---------------      ---------------     ---------------

Loss from operations                                    (731,086)            (471,679)          (1,631,287)           (883,448)
                                              ------------------      ---------------      ---------------     ---------------

OTHER INCOME (EXPENSE) -
  Interest expense, net of interest income
                                                        (112,153)             (61,897)            (340,102)            (80,596)
                                              ------------------      ---------------      ---------------     ---------------

Net loss                                      $         (843,239)     $      (533,576)     $    (1,971,389)    $      (964,044)
                                              ==================      ===============      ===============     ===============

Basic and diluted loss per share              $             (.17)     $          (.12)     $          (.41)    $          (.34)
                                              ==================      ===============      ===============     ===============

Basic and diluted weighted average shares
  outstanding                                          4,993,444            4,599,309            4,773,000           2,860,000
                                              ==================      ===============      ===============     ===============

</TABLE>


       See accompanying notes to these consolidated financial statements.


                                       5
<PAGE>

<TABLE>
<CAPTION>

                       RENAISSANCE ACCEPTANCE GROUP, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                                                          FOR THE NINE MONTHS ENDED
                                                                                                SEPTEMBER 30,
                                                                                     ---------------     ----------------
                                                                                           2001                2000
                                                                                     ---------------     ----------------
                                                                                       (Unaudited)          (Unaudited)

<S>                                                                                  <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net loss                                                                          $   (1,971,389)     $      (964,044)
   Adjustments to reconcile net loss to net cash used in operating activities:
       Deprecation expense                                                                  150,383               14,152
       Amortization of debt discount                                                          4,629                    -
       Common stock issued for compensation                                                   9,472                    -
       Net changes in assets and liabilities:
          Restricted cash                                                                    10,000                    -
          Accounts receivable, prepaid expenses and other assets                            (35,641)             (61,392)
          Loans held for sale and warehouse lines payable, net                             (772,953)             994,047
          Contracts for deed held for sale                                                1,257,156           (1,920,404)
          Real estate held for sale                                                         691,643             (873,819)
          Accounts payable and accrued liabilities                                         (184,774)             773,642
          Deferred gain                                                                    (150,498)             119,002
                                                                                     --------------      ---------------
                  Net cash used in operating activities                                    (991,972)          (1,918,816)

CASH FLOWS FROM INVESTING ACTIVITIES:
   Purchase of property and equipment                                                      (283,857)            (272,170)
  Loans held for investment, net of principal collections                                    34,897              (98,942)
                                                                                     --------------      ----------------
                  Net cash used in investing activities                                    (248,960)            (371,112)

CASH FLOWS FROM FINANCING ACTIVITIES:
   Issuance of preferred shares                                                           1,636,500              500,000
   Redemption of preferred shares                                                                 -             (500,000)
   Preferred dividends                                                                            -              (28,387)
   Proceeds from subordinate debt                                                                 -            4,400,000
                                                                                     --------------      ---------------
                  Net cash provided by financing activities                               1,636,500            4,371,613

NET CHANGE IN CASH AND CASH EQUIVALENTS                                                     395,568            2,081,685

CASH AND CASH EQUIVALENTS, beginning of period                                              500,034                    -
                                                                                     --------------      ---------------

CASH AND CASH EQUIVALENTS, end of period                                             $      895,602      $     2,081,685
                                                                                     ==============      ===============

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Conversion of subordinated debt to preferred stock                                   $      500,000      $             -
                                                                                     ==============      ===============
Common stock issued in connection with subordinated debt issuance                    $            -      $        33,333
                                                                                     ==============      ===============
Common stock issued for debt conversion                                              $            -      $       400,000
                                                                                     ==============      ===============
</TABLE>

       See accompanying notes to these consolidated financial statements.

                                       6

<PAGE>

                       RENAISSANCE ACCEPTANCE GROUP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.   NATURE OF BUSINESS, ORGANIZATION AND BASIS OF PREPARATION AND PRESENTATION
     ---------------------------------------------------------------------------

     Renaissance Acceptance Group, Inc. ("RAG" or the "Company") operates in the
     real estate and  mortgage  banking  industries  through  its  subsidiaries,
     Remodelers  Holdings,  Inc.  ("RHI"),   Remodelers  Acceptance  Corporation
     ("RAC") and United Lending Partners,  Ltd. ("ULP"). RAC was incorporated in
     Nevada in October 1998 and began  operations in the real estate business in
     the first quarter of 2000. RAC acquired a 99% limited partnership ownership
     interest  in ULP,  a Texas  limited  partnership  engaged  in the  mortgage
     business, in December 2000.

     In April 2001 the  shareholders  of RAC (in a stock  exchange  transaction)
     exchanged  their 100%  ownership  interest in RAC for 100% of the ownership
     interest in the newly formed RHI (a  wholly-owned  subsidiary of RAG). As a
     result of this stock  exchange,  RHI became the 100% owner of RAC. On April
     30,  2001,  RHI  became  the 99%  limited  partner of ULP as a result of an
     upstream dividend from RAC of the 99% limited partnership interest owned by
     RAC. The  accompanying  financial  statements  are  presented as if RHI had
     existed as the holding company of RAC for all periods presented.

     Pursuant to an Agreement  and Plan of Merger,  dated as of July 2, 2001, by
     and among Cardiac Control Systems, Inc.  ("Cardiac"),  Remodelers Holdings,
     Inc.,  Nineteenth  Acquisition Sub, Inc. and Kersey,  Scillia,  Forster and
     Brooks, Inc. (the "Agreement"),  approximately 94.6 percent of RAG's common
     stock shares were issued to the stockholders of Remodelers  Holdings,  Inc.
     ("RHI") in connection  with the reverse  merger of  Nineteenth  Acquisition
     Sub, Inc.  ("Nineteenth"),  a wholly-owned subsidiary of Cardiac created to
     effect the merger, with and into RHI (the "Merger").

     In  accordance  with the terms of the Merger,  $170,000 in cash was paid by
     RHI and 250,000 shares of RAG's common stock were issued to the liquidating
     trust and to certain of its creditors and stockholders. In addition, 20,000
     shares of RAG's  common  stock were issued to the  liquidating  trust to be
     sold and  applied  to RHI's  administrative  costs and fees  related to the
     Merger.  The remaining  4,730,000 initial shares of RAG's common stock were
     issued to the holders of common stock of RHI on a pro rata basis  according
     to their ownership of the common stock of RHI.

     Following the Plan  confirmation  and Merger,  RAG became a holding company
     and RHI became its  wholly-owned  subsidiary.  RAG is  authorized  to issue
     95,000,000 shares of its common stock, par value $0.001 per share, of which
     5,000,000 shares are outstanding.  Additionally, RAG is authorized to issue
     5,000,000  shares of its preferred  stock,  par value $0.001 per share,  of
     which  2,136.5  shares  of  Series  A  Convertible   Preferred   Stock  are
     outstanding.  The former stockholders of RHI currently own 4,730,000 shares
     of RAG's outstanding common stock  (approximately  94.6 percent) and all of
     RAG's outstanding preferred stock.

     Prior to the Merger, Cardiac had no meaningful operations for the preceding
     three years and its prior  financial  statements  are not indicative of the
     expected  future  performance  of the  Company,  which  acquired RHI in the
     Merger.  Accordingly,  for accounting purposes, the financial statements of
     the  Company  presented  herein  are  presented  as if RHI were the  entity
     acquiring the Company for the periods presented.



                                       7
<PAGE>

     Reclassifications
     -----------------
     Certain amounts may have been reclassified to conform to the current period
     presentation.

2.   UNAUDITED INFORMATION
     ---------------------

     The September 30, 2000 and 2001 financial  statements have been prepared by
     the Company  without audit.  According to the rules and  regulations of the
     Securities  and  Exchange  Commission,  certain  information  and  footnote
     disclosures   normally  included  in  financial   statements   prepared  in
     accordance  with  generally  accepted   accounting   principles  have  been
     condensed  or  omitted.   However,  in  the  opinion  of  management,   all
     adjustments (consisting of only normal recurring adjustments) necessary for
     a fair  presentation  of the  Company's  financial  position and results of
     operations  for the  periods  presented  have been  made.  The  results  of
     operations  for the three and nine-month  periods ended  September 30, 2000
     and 2001 are not necessarily  indicative of those that will be obtained for
     the entire fiscal year.

     These financial statements should  be read in conjunction with the December
     31, 2000 financial statements of RAG and ULP included in the Company's Form
     8-K.

3.   STOCKHOLDERS' EQUITY
     --------------------

     In March  2001,  a total of 130,000  common  shares  valued at $9,472  were
     issued to three employees of RHI.

     Pursuant to a private placement memorandum dated April 28, 2001, RHI issued
     2,136.5 shares of its non-voting  cumulative Series A Convertible Preferred
     Stock, par value $0.01 per share (the "RHI Preferred"), at a purchase price
     of $1,000 per share.  At the time of the Merger  (discussed in Note 1), RAG
     exchanged 2,136.5 newly issued shares of its non-voting cumulative Series A
     Convertible  Preferred  Stock,  par value  $0.01 per share  (the  "Series A
     Convertible  Preferred  Stock"),  for all of the outstanding  shares of RHI
     Preferred.  The  Series A  Convertible  Preferred  Stock  issued by RAG has
     rights,  privileges and preferences comparable to the RHI Preferred and was
     distributed  to the  holders  of the  RHI  Preferred  on a pro  rata  basis
     according to their ownership of the RHI Preferred.

4.   BUSINESS SEGMENT INFORMATION
     ----------------------------

     The Company  operates in two  segments:  real estate and mortgage  banking.
     Segment  operations are measured  consistent  with the accounting  policies
     used in these unaudited  consolidated  financial statements.  The following
     provides information on the Company's segments:

<TABLE>
<CAPTION>

                                                                Real               Mortgage
                                                               Estate               Banking               Total
                                                           ----------------     ----------------     ----------------
<S>                                                        <C>                  <C>                  <C>
     Nine Months Ended September 30, 2001
     -------------------------------------------------
     Revenues from external customers                      $ 5,350,804          $ 4,301,603          $ 9,652,407
     Gross profit                                          $ 1,725,709          $ 2,102,941          $ 3,828,650
     Income (loss) from operations                         $(1,956,560)         $   325,273          $(1,631,287)

     As of September 30, 2001
     -------------------------------------------------
     Identifiable assets                                   $   494,800          $18,184,316          $18,679,116

</TABLE>

     Prior to December  31, 2000,  the Company  operated in only the real estate
     business, so segment information is not presented for the nine months ended
     September 30, 2000.

                                       8

<PAGE>


Item 2. Managements  Discussion and Analysis of Financial  Condition and Results
of Operation

     Overview

     Renaissance  Acceptance  Group,  Inc. (the "Company")  operates in the real
estate and mortgage  banking  industries.  The Company's  primary strategy is to
enable and encourage home ownership  throughout the United States. Many families
and individuals  today have  difficulties  purchasing a home due to a variety of
reasons, including:

o    Inadequate  initial  cash  reserves  to use for down  payments  and closing
     costs;
o    Poor historical credit due to situational circumstances;
o    Limited credit history;
o    False beliefs regarding credit; and
o    A lack of  service  provided  to this  consumer  group  by the  realty  and
     financial service industries.

     The Company  believes that its superior  customer service combined with its
knowledge of financing  programs,  primarily down payment  assistance  programs,
fills an existing void in the home ownership marketplace.

     Pursuant to an Agreement  and Plan of Merger,  dated as of July 2, 2001, by
and among Cardiac Control systems, Inc. ("Cardiac"),  Remodelers Holdings, Inc.,
Nineteenth Acquisition Sub, Inc. and Kersey,  Scillia,  Forster and Brooks, Inc.
(the  "Agreement"),  approximately  94.6 percent of the  Company's  common stock
shares were issued to the stockholders of Remodelers  Holdings,  Inc. ("RHI") in
connection  with  the  reverse  merger  of  Nineteenth   Acquisition  Sub,  Inc.
("Nineteenth"),  a  wholly-owned  subsidiary  of  Cardiac  created to effect the
merger, with and into RHI (the "Merger").

     The Merger was effected in connection  with the  confirmation of the Second
Amended  Chapter 11 Plan of  Reorganization  (the  "Plan"),  relating  to In re:
Cardiac Control Systems,  Inc., Case No. 99-06852-3P1,  United States Bankruptcy
Court, Middle District of Florida,  Jacksonville Division,  confirmed on May 24,
2001.  Pursuant to the Plan, all of Cardiac's remaining assets (except Cardiac's
corporate entity) and liabilities were transferred and assigned to a liquidating
trust.  The  liquidating  trustee will  liquidate the assets and  distribute the
proceeds to creditors in accordance  with the  distribution  method set forth in
the Plan.

     As a result of the Plan  confirmation,  none of Cardiac's  pre-confirmation
creditors or stockholders,  nor the liquidating  trust, has recourse against the
reorganized Company, even in the event of default under the Plan.  Additionally,
the Company's  corporate  charter was amended pursuant to the Plan to change its
name to "Renaissance Acceptance Group, Inc." Following the Plan confirmation and
Merger,  each  then  outstanding  share of  Cardiac's  existing  capital  stock,
conversion  rights,  warrants  and  options to purchase  any share of  Cardiac's
capital stock, and other equity interests issued and outstanding (or held in its
treasury) were automatically  canceled


                                       9

<PAGE>

and  exteinguished  without  conversion  and no payment  was or shall be made in
respect to those shares of Cardiac's capital stock. The Company became a holding
company and RHI became its wholly-owned subsidiary.

     Prior to the Merger, Cardiac had no meaningful operations for the preceding
three  years  and its  prior  financial  statements  are not  indicative  of the
expected  future  performance of the Company,  which acquired RHI in the Merger.
Accordingly,  for accounting  purposes,  the financial statements of the Company
presented  herein are presented as if RHI were the entity  acquiring the Company
for the periods presented.


     The Real Estate Business

     Beginning  in May 2001,  due to both  capital  considerations  and a change
which  occurred  in  the  secondary  market,  the  Company  through  its  d.b.a.
Assistance for America ("AFA"),  altered its real estate strategy.  Prior to May
2001,  the  Company   operated  in  the  Real  Estate  business  by  purchasing,
refurbishing   and  reselling  homes  to  customers  (the  "Refurb  Real  Estate
Business").  This was the primary  business of the Company  from January 2000 to
May  2001.  Significant  changes  occurred  with the  primary  purchaser  of the
Company's  Refurb Real Estate mortgage loans,  making these loans less desirable
in the marketplace and thus significantly  reducing prices for which these loans
are sold. These detrimental economics, combined with the large cash requirements
needed to buy and  inventory  houses,  precipitated  the need for this  strategy
change.

     The AFA real estate  business  began in May 2001 and  focuses on  assisting
consumers  with limited  financial  resources in buying a home. AFA educates the
consumer in home  ownership and  coordinates  the home purchase  process,  which
typically  includes  facilitating   down-payment   assistance  and  coordinating
government sponsored home loan financing.  Since AFA does not purchase homes, no
large capital needs for real estate acquisition exist. In addition,  AFA obtains
customer  financing using  government  sponsored loan programs which have a much
larger secondary market.

     Through direct response  advertising,  AFA reaches potential  customers and
qualifies them for entrance into the AFA program based upon their  financial and
credit condition.  AFA provides counseling to each customer by communicating the
requirements and demands of home ownership, so that the customer understands the
rewards  and  responsibilities  of  owning  a home.  Once a home is  found,  AFA
facilitates  the  customer's  financing,  obtains  down payment  assistance  and
assists  customers  closing loans. AFA operates as a consultant and receives its
revenues as a service fee from the customer. AFA typically does not purchase nor
take  ownership of real estate.  AFA is currently  operating in the  Dallas-Fort
Worth, Houston and Austin, Texas housing markets.



                                       10

<PAGE>



     The Mortgage Banking Business

     Mortgage banking  operations are conducted  through United Lending Partners
("ULP"),  an FHA direct  endorsement  and FHLMC approved  lender that originates
wholesale and retail,  conforming and nonconforming loans. The Company purchased
ULP in December  2000.  Loans are  underwritten  and closed based upon  specific
investor guidelines and subsequently sold in the secondary market on a servicing
released basis. Principal sources of income include:

o    Loan origination related points and fees;
o    Net interest  income  earned during the period loans are held pending sale;
     and
o    Gains from the sale of loans and related loan servicing rights.

     All business is currently conducted in the State of Texas. Loans originated
through  wholesale   relationships  currently  comprise  the  majority  of  loan
production volume.

     Results of Operations

     Three months ended September 30, 2001

     The Company's  net loss  increased  from  $533,576  during the three months
ended September 30, 2000 to $843,239 during the three months ended September 30,
2001.

     Net Revenues

     Net revenues for the three months ended  September 30, 2001 were $1,691,428
as compared  with $84,738 for the same  three-month  period ended  September 30,
2000. As indicated in the overview,  with the shift in the real estate  business
away from the Refurb Real Estate  Business  during May 2001,  proceeds  from the
sales of  residential  real estate  declined to $1,885  during the three  months
ended September 30, 2001 from $1,453,471 during the three months ended September
30, 2000. Costs of real estate sold of $58,008 contributed to a net loss on real
estate sales of $56,123 for the  2001-quarter as compared to costs of $1,363,933
and net revenues from real estate sales of $89,538 for the 2000-quarter.

     Gains on sales of loans were $998,483 for the quarter  ended  September 30,
2001.  As the  mortgage  business  was  initiated  in  December  2000  with  the
acquisition of ULP, no gains existed in the quarter for the prior year.

     Other  income  includes  income  earned  on the AFA  real  estate  business
(initiated in May 2001) of $721,459 for the three months ended  September  2001.
During these three months AFA coordinated the closing of 62 homes.


                                       11

<PAGE>

     Operating Expenses

     Operating  expenses  increase from  $556,417  during the three months ended
September 30, 2000 to $2,422,514 during the same quarter in 2001.

     Personnel  expense  increased  to  $1,552,065  in  the  quarter  2001  from
$398,951 during the same quarter  2000,  or an increase of  $1,153,114.  Of this
increase  $573,581  related to  employees  of  the  mortgage  banking  business,
$486,287  related to the new  employees  added in the AFA  business  and $93,246
related to added corporate employees associated with the growth in the Company.

     General and  administrative  expense  increased to $813,986 for the quarter
ended  2001  versus $144,759  for the same  quarter  in 2000,  an   increase  of
$669,227.  The  increases  were a result of  $238,048  in the  mortgage  banking
business, $289,786 in  advertising  and telephone  expenses  associated with the
direct  response  AFA  marketing  and  $64,278  increase  in  professional  fees
associated with the costs involved in being a public company. Other increases of
$77,115  related to  increases in insurance  and  occupancy due to the growth in
the number of employees in the Company.

     Depreciation  increased  from $12,707 for the three months ended  September
30,  2000 to  $56,463  for the three  months  ended  September  30,  2001 due to
additions of property and equipment over the past year.

     Interest

     Net interest  expense of $112,153  during the quarter  ended  September 30,
2001, increased by $50,256 from the net interest  expense of $61,897  during the
quarter ended September 30, 2001.  Interest expense on senior  subordinated debt
obtained  September 30, 2000 led to $43,750 of this increase,  combined with the
decrease in interest  income  from  mortgage  loans held in 2000 from the Refurb
Real Estate Business.

     Nine months ended September 30, 2001

     The Company's net loss increased from $964,044 during the nine months ended
September  30, 2000 to  $1,971,389  during the nine months ended  September  30,
2001.

     Net Revenues

     Net revenues for the nine months ended  September 30, 2001 were  $3,828,650
as compared with  $186,393 for the same  nine-month  period ended  September 30,
2000.  Proceeds from the sale of residential real estate increased to $4,590,683
during the nine months ended September 30, 2001 from $2,051,886  during the nine
months  ended  September  30,  2000.  Costs of real  estate  sold of  $3,922,500
contributed  to net  revenues  $668,183 on real estate for the nine months ended
September  2001 as compared to costs of $1,865,493  and   net revenues from real
estate sales of $186,393 for the nine months ended  September  2000.  During the
nine months ended

                                       12

<PAGE>

September  30, 2001,  75 houses were sold,  as compared to 33 houses sold during
the nine months ended September 30, 2000.

     Gains on sales of loans were $2,333,567 for the nine months ended September
30, 2001.  As the  mortgage  business  was  initiated in December  2000 with the
acquisition of ULP, no gains existed in the prior year.

     Other  income,  includes  income  earned  on the AFA real  estate  business
(initiated  in May 2001) of $798,580  for the nine months  ended  September  30,
2001. During these nine months, AFA coordinated the closing of 70 homes.

     Operating Expenses

     Operating  expenses  increased from $1,069,841 during the nine months ended
September 30, 2000 to $5,459,937 during the same nine nine period in 2001.

     Personnel  expense  increased  to  $3,328,891  during the nine months ended
September  2001 from  $750,246  during the same nine month period in 2000, or an
increase of $2,578,645. Of this increase, $1,232,959 related to employees of the
mortgage banking business, $1,202,468 related  to the new employees added in the
AFA business and $143,218 related to added corporate  employees  associated with
the growth in the Company.  As indicated in the Employee section following,  the
Company has grow from 19 employees to 78 employees  from  September  30, 2000 to
September 30, 2001, respectively.

     General  and  administrative   expense  increased  to  $1,835,663  for  the
nine-months  ended 2001 versus  $305,443  for the same nine  months in 2000,  an
increase of  $1,530,220.  The  increase was a result of $521,973 in the mortgage
banking business, $369,339 in advertising and telephone expenses associated with
the direct  response AFA marketing and $286,195  increase in  professional  fees
associated  with the costs  involved of being public,  along with merger related
costs.  Other  increases  of $138,473  related to  increases  in  insurance  and
occupancy due to the growth in the number of employees in the Company.

     Depreciation increased from $14,152 for the nine months ended September 30,
2000 to $150,383 for the nine months ended  September  30, 2001 due to additions
over the past year in property and equipment.

     Interest

     Net interest expense of $340,102 during the nine months ended September 30,
2001,  increased by $259,506 from the net interest expense of $80,596 during the
quarter ended September 30, 2001.  Interest expense on senior  subordinated debt
obtained September 30, 2000 led to $142,000 of this increase,  combined with the
decrease in interest  income  from  mortgage  loans held in 2000 from the Refurb
Real Estate Business.


                                       13


<PAGE>

     Liquidity and Capital Resources

     During the nine months ended September 30, 2001, the Company sold preferred
stock for proceeds of $1,636,500,  which funded $283,857 in equipment  purchases
and  offset  cash  used  in  operating  activities  of  $991,972.  Cash  used in
operating  activities was primarily the result of the $1,971,389 operating loss,
offset by the  recovery of operating  cash tied up in real estate and  contracts
for  deed  associated  with  the  Refurb  Real  Estate  Business.  Cash and cash
equivalents  increased $395,568 for the nine months ended September 30, 2001 and
were  $895,602 at September  30, 2001.  The amount of cash and cash  equivalents
held at  September  30,  2001 plus  expected  cash  flows  from  operations  are
projected to be sufficient to fund operations and accordingly,  the Company does
not anticipate the need to raise additional funds during the next twelve months.

     Employees

     At September  30,  2001,  the Company had 78  full-time  employees.  Of the
Company's current  employees,  47 are engaged in real estate related  operations
and 31 are engaged in the mortgage business.  During the next twelve months, the
Company anticipates  increasing the amount of employees from 78 to approximately
120. At September 30, 2000 the Company had 19 employees.


Part II - Other Information

Item 2. Change in Securities

     Pursuant to an Agreement  and Plan of Merger,  dated as of July 2, 2001, by
and among Cardiac Control Systems, Inc. ("Cardiac"),  Remodelers Holdings, Inc.,
Nineteenth Acquisition Sub, Inc. and Kersey,  Scillia,  Forster and Brooks, Inc.
(the  "Agreement"),  approximately  94.6 percent of the  Company's  common stock
shares were issued to the stockholders of Remodelers  Holdings,  Inc. ("RHI") in
connection   the   reverse   merger  of   Nineteenth   Acquisition   Sub,   Inc.
("Nineteenth"),  a  wholly-owned  subsidiary  of  Cardiac  created to effect the
merger, with and into RHI (the "Merger").

     The Merger was effected in connection  with the  confirmation of the Second
Amended  Chapter 11 Plan of  Reorganization  (the  "Plan"),  relating  to In re:
Cardiac Control Systems,  Inc., Case No. 99-06852-3P1,  United States Bankruptcy
Court, Middle District of Florida,  Jacksonville Division,  confirmed on May 24,
2001.  Pursuant to the Plan, all of Cardiac's remaining assets (except Cardiac's
corporate entity) and liabilities were transferred and assigned to a liquidating
trust.  The  liquidating  trustee will  liquidate the assets and  distribute the
proceeds to creditors in accordance  with the  distribution  method set forth in
the Plan.

     As a result of the Plan  confirmation,  none of Cardiac's  pre-confirmation
creditors or stockholders,  nor the liquidating  trust, has recourse against the
reorganized Company, even in the


                                       14

<PAGE>

event of default under the Plan.  Additionally,  the Company's corporate charter
was amended  pursuant to the Plan to change its name to "Renaissance  Acceptance
Group, Inc."

     Following the Plan confirmation and Merger,  each then outstanding share of
Cardiac's  existing capital stock,  conversion  rights,  warrants and options to
purchase any share of Cardiac's capital stock, and other equity interests issued
and  outstanding  (or held in its  treasury)  were  automatically  canceled  and
extinguished  without  conversion and no payment was or shall be made in respect
to those shares of Cardiac's capital stock. The Company became a holding company
and RHI became its wholly owned subsidiary.

     Pursuant to the Plan  confirmation  and Merger, a total of 5,000,000 shares
of newly authorized  common stock were issued to the former RHI stockholders and
to the Plan liquidating trust. The former stockholders of RHI received 4,730,000
shares and the liquidating trust received 270,000 shares. In accordance with the
Plan confirmation,  20,000 of the liquidating trust shares are to be sold to pay
RHI Merger related  expenses and 250,000 of the liquidating  trust shares are to
be issued to pre-confirmation creditors, to Kersey, Scillia, Forster and Brooks,
Inc. (Cardiac's  pre-reorganization  financial advisor), and to a certain number
of Cardiac pre-Merger stockholders.


Item 5.  Other Information

     After reviewing the Company's financial condition and operating results for
the period  ending June 2001 and current  economic  and market  conditions,  the
board of  directors of the Company  decided to consider  various  financial  and
strategic   alternatiaves   to  minimize   current   expenditures  and  maximize
shareholder value.

     To enhance and  maximize  shareholder  value,  the board of  directors  has
decided to analyze a number of options,  including  (i)  attempting  to list the
Company's common stock with an exchange; (ii) acquiriing or merging with another
real estate and mortgage banking company;  (iii) selling all or a portion of the
Company; (iv) selling additional equity; and (v) taking the Company private. The
board of directors' preliminary  conclusions are that taking the Company private
is likely the most feasible and the effective way to maximize shareholder value.

     The Company is not  obligated  to complete  any of these  transactions  and
cannot offer any assurances that any of these transactions will be implemented.


                                       15
<PAGE>


Item 6. Exhibits and Reports on Form 8-K

     (a) Exhibits

     The  following  exhibits  are  furnished  in  accordance  with  Item 601 of
Regulation S-B:

     Number   Description
     ------   -----------

     2.1  Agreement  and  Plan  of  Merger,  dated  July 2,  2001  by and  among
          Remodelers Holdings,  Inc., Cardiac Control Systems,  Inc., Nineteenth
          Acquisition Sub, Inc. and Kersey,  Scillia,  Forster and Brooks,  Inc.
          (incorporated  by  reference to Exhibit 2.1 to the  Company's  Current
          Report on Form 8-K filed with the Securities  and Exchange  Commission
          on July 9, 2001)

     2.2  Second Amended  Chapter 11 Plan of  Reorganization  of Cardiac Control
          Systems,  Inc., Case No.  99-06852-3P1  (incorporated  by reference to
          Exhibit 2.2 to the Company's Current Report on Form 8-K filed with the
          Securities and Exchange Commission on July 9, 2001)

     2.3  First Modification to Second Amended Chapter 11 Plan of Reorganization
          (incorporated  by  reference to Exhibit 2.3 to the  Company's  Current
          Report on Form 8-K filed with the Securities  and Exchange  Commission
          on July 9, 2001)

     3.1  Amended and Restated  Certificate of  Incorporation  (incorporated  by
          reference to Exhibit 4.1 to the Company's  Current  Report on Form 8-K
          filed with the Securities and Exchange Commission on July 9, 2001)

     3.2  Certificate of Designation  for Series A Convertible  Preferred  Stock
          (incorporated  by  reference to Exhibit 4.2 to the  Company's  Current
          Report on Form 8-K filed with the Securities  and Exchange  Commission
          on July 9, 2001)

     3.3  Amended and Restated Bylaws  (incorporated by reference to Exhibit 4.3
          to the Company's  Current Report on Form 8-K filed with the Securities
          and Exchange Commission on July 9, 2001.)

     10.1 2001  Stock  Option  Plan  for  Renaissance  Acceptance  Group,  Inc.,
          (incorporated by reference to Exhibit 10.1 to the Company's  Quarterly
          Report on Form 10-QSB for the quarterly period ended June 30, 2001.)


                                       16

<PAGE>


     (b) Reports on Form 8-K

     During the fiscal  quarter ended  September  30, 2001,  reports on Form 8-K
were filed with the  Securities  and Exchange  Commission on July 9, 2001 and on
September 5, 2001. Items reported and financial statements filed are as follows:

     Form 8-K filed on July 9, 2001:

     RHI unaudited  consolidated  financial  statements as of March 31, 2001 and
     for the three months ended March 31, 2001 and 2000

     RAC consolidated  financial  statements as of December 31, 2000 and for the
     year then ended

     ULP statements of operations,  changes in partners' capital, and cash flows
     for the years ended December 31, 2000 and 1999

     RHI unaudited pro forma combined statement of operations for the year ended
     December 31, 2000

     RAG and RHI unaudited pro forma condensed  combined  balance sheet at March
     31, 2001


     Form 8-K filed on September 5, 2001:

     Monthly  Financial  Reports  (Business)  filed by the  registrant  with the
United  States  Bankruptcy  Court,  Middle  District  of  Florida,  Jacksonville
Division for each monthly period commencing with the period September 3, 1999 to
September 30, 1999 through the monthly period  beginning June 1, 2001 and ending
June 30, 2001.

     Form 8-K/A (Amendment No. 1) filed on November 6, 2001:

          Renaissance  Acceptance Group, Inc. unaudited  consolidated  financial
          statements  as of June 30, 2001 and for the six months  ended June 30,
          2001 and 2000

          Renaissance  Acceptance  Group,  Inc. audited  consolidated  financial
          statements as of December 31, 2000 and for the year then ended

          United  Lending  Partners,  Ltd.  audited  statements  of  operations,
          changes in partners'  capital cash flows for the years ended  December
          31, 2000 and 1999

          Renaissance  Acceptance  Group,  Inc.  unaudited  pro  forma  combined
          statement of operations for the year ended December 31, 2000


                                       17


<PAGE>


          Renaissance  Acceptance Group, Inc. and Cardiac Control Systems,  Inc.
          unaudited pro forma  condensed  combined  balance sheet as of June 30,
          2001




                                       18

<PAGE>


Signatures

     In accordance  with the  requirements  of the Exchange Act, the  registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                    RENAISSANCE ACCEPTANCE GROUP, INC.

Dated: November 19, 2001            By:      /s/ Paul Fagan
                                            ------------------------------------

                                    Name:  Paul Fagan
                                    Title: President and Chief Executive Officer



                                       19
<PAGE>


                                  Exhibit Index


    Number       Description
    ------       -----------

     2.1  Agreement  and  Plan  of  Merger,  dated  July 2,  2001  by and  among
          Remodelers Holdings,  Inc., Cardiac Control Systems,  Inc., Nineteenth
          Acquisition Sub, Inc. and Kersey,  Scillia,  Forster and Brooks,  Inc.
          (incorporated  by  reference to Exhibit 2.1 to the  Company's  Current
          Report on Form 8-K filed with the Securities  and Exchange  Commission
          on July 9, 2001)

     2.2  Second Amended  Chapter 11 Plan of  Reorganization  of Cardiac Control
          Systems,  Inc., Case No.  99-06852-3P1  (incorporated  by reference to
          Exhibit 2.2 to the Company's Current Report on Form 8-K filed with the
          Securities and Exchange Commission on July 9, 2001)

     2.3  First Modification to Second Amended Chapter 11 Plan of Reorganization
          (incorporated  by  reference to Exhibit 2.3 to the  Company's  Current
          Report on Form 8-K filed with the Securities  and Exchange  Commission
          on July 9, 2001)

     3.1  Amended and Restated  Certificate of  Incorporation  (incorporated  by
          reference to Exhibit 4.1 to the Company's  Current  Report on Form 8-K
          filed with the Securities and Exchange Commission on July 9, 2001)

     3.2  Certificate of Designation  for Series A Convertible  Preferred  Stock
          (incorporated  by  reference to Exhibit 4.2 to the  Company's  Current
          Report on Form 8-K filed with the Securities  and Exchange  Commission
          on July 9, 2001)

     3.3  Amended and Restated Bylaws  (incorporated by reference to Exhibit 4.3
          to the Company's  Current Report on Form 8-K filed with the Securities
          and Exchange Commission on July 9, 2001.)

     10.1 2001  Stock  Option  Plan  for  Renaissance  Acceptance  Group,  Inc.,
          (incorporated by reference to Exhibit 10.1 to the Company's  Quarterly
          Report on Form 10-QSB for the quarterly period ended June 30, 2001.)




                                       20